📈 BankNifty-NSE INDEX 18th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 48,996

Key Observation: Price trades below immediate resistance at 49,324 and above critical support at 48,776.

🔑 Critical Technical Levels

Resistance Zones

✅ 49,324

✅ 49,873

✅ 50,760

Support Zones

✅ 48,776

✅ 48,437

✅ 47,887

Swing Levels Alert: Recent swing high at 49,650 and swing low at 47,844 (watch for breakout confirmation).

📊 Technical Outlook

Fibonacci: Price tests 50% retracement near 48,776

RSI: Neutral at 52.3 (balanced momentum)

MACD: Bullish crossover emerging on 4H chart

💡 Intraday Trade Setups

🟢 Buy Setup: Support Zone Reaction

Entry: 🎯 48,776

Stop Loss: 🚫 48,200

Take Profit 1: 💰 49,324

Take Profit 2: 💰💎 49,873

🔴 Sell Setup: Resistance Rejection

Entry: 🎯 49,324

Stop Loss: 🚫 49,900

Take Profit 1: 💰 48,776

Take Profit 2: 💰💎 48,437

🧠 Pro Trader Insight

"Price consolidates near RBI policy decision thresholds. Monitor banking sector earnings and global risk sentiment for confirmation of technical patterns."

🔍 Confirmation Checklist

☑️ Verify 48,776 support holds

☑️ Track Nifty Bank correlation with USD/INR

☑️ Watch 4H candle closes above/below 49,000